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recovering from devastation caused by superstorm sandy. >> i think the most likely explanation here is sandy's impact was significant but was so short-lived that it didn't extend to the sample period of the employment report which was the week that covered november 12. >> reporter: hiring was also supposed to be weak due to worries about the fiscal cliff. with $600 billion in automatic tax hikes and government spending cuts set to start next yer, why aren't more firms postponing hiring decisions? >> what we're hearing from businesses is that it is really hard to actually pull back hiring right now, because they've already fired so many workers, gotten so lean that it's really difficult. >> reporter: but not all the surprises in the report were good. at 7.7%, the unemployment rate hit its lowest level since december 2008. but that was mostly due to people giving up their search for work. and there's another disappointing trend, weak wage growth. >> what we are not seeing is strong income generation. the slowing in wage gains-- the weak bargaining power of labor comes across in this report and
: still ahead, the hurricane sandy relief concert tonight that's expected to raise tens of millions of dollars. how safe is your money when you give it away to a charity? >> tom: the federal reserve continuing to pump money in the economy, always brings up concerns about inflation, but many commodity prices remain below the current prices. lincoln is with us from the c.m.e. group in chicago. what do you think the federal reserve's actions today and the worries about the economy, say about commodity demand in the next year? >> it looks as though the federal reserve thinks the commodity demand will continue to be weak. in fact, as you rightly point out, many commodities off their recent highs made in late august, early september, continue to suggest that the demand picture, the actual structural issues that ben bernanke and the team are worried about are still very much in play a very weak economy means weak demand in the commodity complex. >> tom: it sounds like the commodities are responding to the economics, as opposed to all of the money the federal reserve is flooding into the ma
close to $5 a gallonor gasoline, of course it was because of hurricane sandy and standing in line, gas lines, and now this. i know it is a special situation, but what is going on here? >> well, that was a special situation, it was incredible disruption of the supply chain to the northeast, if you recall, only northern new jersey had to endure the odd, even rationing it shows you how isolated that was, but what is going on here, suze is that the united states is in the process of becoming energy independent, it is in the processof spassing saudi arabia as the world's number one producer of oil. because of the shale drilling that going on, mostly in the middle of the country. there is also a massive expansion of a big refinery down in texas, that the saudis are working on with royal dutch shell and the industry is refiguring the infrastructure zero to get more of that mid continent middle of the country oil down to the gulf coast where we could see a tremendous price break next year. >> that is really amazing stuff, let's look at some of the numbers on gas and oil and your outlook, i wil
storm. >> if sandy were to come close r directly into norfolk i think we'd all be in big trouble. >> brown: we assess the latest diplomatic moves to end syria's war, as secretary of state hillary clinton meets with russia's foreign minister. >> woodruff: and ray suarez has the story of a program that aims to put students at low-achieving schools on a path to high school graduation. >> we're here to make things better. we're here to tutor kids. we're here to make sure that they stay on track. we are here to make sure that they graduate. we want to prepare them for high school. >> brown: that's all ahead on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that nnec us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pb
moh's slowdown in hiring falls squarely on hurricane sandy, not on any new or widespread weakness in the economy. >> i would expect that by december, we're going to see some bounce back. much of the disruption from sandy was people simply not being able to get to work or firms not employing people that they ordinarily would have. >> reporter: friday, the government will report it's monthly snapshot of the u.s. labor market. it, too, is likely to reflect temporary effects related to the aftermath of hurricane sandy. >> we're looking for only a 50,000 gain in jobs in november, well under that 170,000 average we've seen over the past three months. >> reporter: hurricane sandy's effects on hiring may be short- lived, but experts worry fiscal cliff concerns could result in a new storm brewing for workers looking to land a job in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again. but a big drop in apple shares kept the nasdaq from gains. by the closing bell, the dow was up 82 points,
of my childhood no longer exist. >> after sandy ravaged the jersey shore days prior to the election, the nations of goveor cis christie, a romney supporter, buddying up to president obama. >> when you know you have a responsibility to those folks, you could give a dam about the politics of things. i could care less today. >> what is chris christie's political future? >> re-election looks quite probable, to the point where the mayor of newark, seen as his principal opponent, has decided to look in other venues to pursue his own political future. he record the highest favorable job rating ever found in any governor of new jersey in its history after his handling of sandy. >> that that natural disaster and the reaction of governor christie and the reaching out to the president -- did that help president obama? >> it certainly did. i do not think it was decisive. if the election had been held a week earlier, you look at the polls on that day, but it was a lot closer. i think obama would have won, but it would not have been an electoral landslide. i ink his 2% advantage in the popular vo
storm sandy appear to be passing. new claims fell by 25,000 in the week ending december 1 to a lower than expected 370,000 requests. that's raising hopes about november's jobs data, which is due out tomorrow. grey, and christmas says u.s. employment firm challenger, grey, and christmas says u.s. companies annnced 57,000 job cuts last month. separately, the number of planned job cuts rose 20% in november from october's levels. on wall street, the dow rose 39 points, but the nasdaq added 15, the s&p up nearly five. >> reporter: i'm erika miller in new york. coming up tonight, we'll talk to the c.e.o. of kitchen store sur la table and get his outlook for holiday sales. >> tom: lots of theatrics today, but few visible signs of progress in washington towards a fix for the fiscal cliff. the only hopeful sign is that republicans and democrats are talking privately again. but they haven't worked out any of the big issues, including what to do about the nation's debt limit. washington will hit its borrowing limit early next year, darren gersh has the latest. >> reporter: sitting around the ki
graders killed at sandy hook elementary. townspeople are still reeling. >> really sad. i didn't want to go back to work today. it hit me hard because i got two kids too. the same age that happened to these kids. it really hit hard, like a parent, like a dad. >> suarez: a somber weekend had concluded with last night's vigil at newtown high school about a mile away from the scene of the killings. ( applause ) police and emergency personnel got a standing ovation as they entered the auditorium. president obama met privately with the victims' families before addressing the shaken crowd. >> i can only hope it helps for you to know that you're not alone in your grief. that our world too has been torn apart, that all across this land of ours we have went with you. we pulled our children tight. and you must know that whatever measure of comfort we can provide, we will provide. whatever portion of sadness that we can share with you to ease this heavy load, we will gladly bear. newtown, you are not alone. >> suarez: the weekend also brought new details in the the investigation. police confirmed the
: american automakers got a bump up in sales in november, thanks to super storm sandy. consumers postponed purchases when the hurricane hit in october, and resumed buying last month. but as diane eastabrook reports, the looming fiscal cliff could cause that sales momentum to lose traction. >> reporter: november turned out to be a good month for the big three and a great month for eir foreign competitors. g.m. and ford both saw a modest uptick in vehicle sales last month-- while chrysler got a double digit boost. but competitors from europe and japan blew the domestics doors off. sales at v.w. were up just under 30%. while honda led the japanese pack with a sales increase of just under 40%. the car companies think super storm sandy pushed some sales the last weekend of october into november. morningstar auto analyst richard hilgert agrees sandy helped, but the storm wasn't the primary reason november was such a strong month. >> we've got a lot of pent up demand still out there-- pent up demand coming from, especially from the average age of the vehicles being over eleven years at this point
by authorities. the school, sandy hook elementary, is home to children from kindergarten through fourth grade. the violent episode shook students and their families in the small newtown community, 65 miles northeast of new york city. >> we were running really quick, so then we got to the firehouse and we sat in our classes, and i am really happy we are out alive. >> it doesn't even seem real, it just does not seem like it's even possible. you read it in the paper or see it in the news, and you're like, "oh, my god, that poor family." and then, you have something happen so close to home, it's like... i think i'm still in shock, to be honest with you. >> suarez: and connecticut governor dannel malloy addressed e shooting late this afternoon. >> you can never be prepared for this kind of incident. what has happened, what has transpired at that school building will leave a mark on this community and every family impacted. >> suarez: today's occurrence in connecticut is the latest mass shooting this year. most notably, in july, a gunman opened fire at a midnight screening of the latest batman movi
of the slain first graders from sandy hook elementary school. hours later, a church bell tolled as mourners greeted another small white casket at the funeral for jessica rekos, also six. (bell tolling). meanwhile, students from other local schools returned to class. in buses adorned with ribbons bearing sandy hook's colors, police were on hand as were counselors. >> making the kids safe and happy. that's all we're here for. is to make sure that they are safe and happy. >> suarez: sandy hook itself remains closed. plans call for its students to be sent to a now vacant school in nearby mroe, but it was unclear when. back in washington, a string of democratic members of congress took to the house floor calling for new gun legislation. >> thank you, mr. speaker. we need to pass bold, necessary, overdue gun control legislation. if we do not, this will happen again. >> 20 innocents and their six teachers. more tears. more burials. but will we heed its meaning? will we break the gun lobby's spell? >> suarez: outside the capital, the head of the brady campaign to prevent gun violence said sandy hoo
than expected in the wake of hurricane sandy and fiscal cliff anxiety. >> so it looks like sandy will not affect the numbers even after revisions. >> reporter: georgetown's harry holzer, former chief economist for the labor department. >> in terms of the fiscal cliff, so far we are not seeing any big impact. >> reporter: not even an impact on retail which, for all the talk of online supplanting bricks-and-mortar buying, added 53,000 jobs last month-- much of it holiday hiring, no doubt-- but a healthy 140,000 overall increase in the past three months. not all the new numbers were festive, however. construction shed 20,000 jobs, though perhaps influenced by sandy. manufacturing dropped 7,000. grinchier still, job growth in september and october was revised down by 49,000 jobs. and for all the talk of a lower unemployment rate, its explanation seemed to be that several hundred thousand more americans stopped looking for work in november and were counted out of the labor force. again, economist holtzer. >> this month's change was driven completely by the fact some people stopped loo
year. we'll ask b.m.o asset management's sandy lincoln. he's this week's "market monitor" guest. and why a new program to help student loan borrowers could mean a big win for high earners with graduate degrees. >> its medical marijuana business is a $2 billion a year industry already. it's projected to more than quad are you nell the next four years. but now colorado and washington state residents can use marijuana without a doctor's permission. while they are still breaking federal law, what impact could these new state laws have on the medical dope business? we have more of our recent conversation with tripp keber, c.e.o. of medical marijuana products maker dixie elixirs. >> you are looking at a $300 million in denver going to in excess of $600 million, this is about taxes, this is about jobs. the state of colorado we paid into a state coffers as an industry over $50 million in taxes, licenses and fees. we employ as an industry directly over 10,000 people in the state. and so there areot many states that can afford to turn a blind eye to that. so i certainly believe in the sta
at sandy hook elementary school does not happen again. on friday december 14th a gunman killed 26 people, 20 of them were children between the ages of 6 and 7. it is the second deadliest mass shooting in american history. the killings have revived the debate on gun control and demonstrated the need to rethink our approach to mental illness. president obama traveled to the bereaved town to attend a community vigil and console families. here is a part of the president's address to e grieving people of that town, and to the nation. >> no single law, no set of laws can eliminate evil or prevent every senseless act of violence in our society but that can't an excuse for inaction. surely we did:do better than this. if there's even one step we can take to save another child or another parent or another town, from the grief that's visited tucson, aurora, and oak creek and newtown, and communities from columbine to blacksberg before that, then surely we have an obligation to try. >> rose: joining me now is michael bloomberg. he's the mayor of new york city and he's also the co-chair of mayors aga
ten days after the massacre at sandy hook elementary school in newtown, connecticut. >> brown: then, we turn to egypt, and accusations of voting fraud in the referendum for a new constitution. we talk with opposition leader mohamed el-baradei. consider a sad day in my view for it is going to institutionalize -- >> ifill: the legal showdown between california health center that discusses marijuana and >> ifill: we have the story of a legal showdown between a california health center that dispenses marijuana and federal authorities. >> just people feel safe coming here. like going to your neighborhood cvs or anywhere else. >> brown: open season in congress look >> brown: seven weeks after election day, there are open seats conress. we look at contests in three senate races. >> ifill: fred de sam lazaro profiles a priest who became a doctor to help haiti's poor and orphaned children. >> brown: and we close with a conversation with the editor of a new anthology of verse: 100 poems written over 100 years. >> it doesn't have poetry. >> brown: that's all ahead on tonight's newshour. >
: today visitors stopped by a snow-covered memorial to those lost at sandy hook. >> as a parent, i just wanted o come to respect the kids and the adulls. it touched everybody's heart. i just couldn't move forward without coming this morning early, you know, and just saying a prayer. >> we just wanted to come down and show support for the families obviously they will never be the same again. whose holidays will never be. >> ifill: in parts of the country's mid section, the holiday was marked by bad weather. snow was moving from the ozarks through the ohio valley, causing blizzard warnings in indiana and kentucky. sleet, freezing rain caused a 21-car pile-up in oklahoma. and left cars spinning on icy roads all the way into western maryland. >> i tried to back up. i couldn't see. i backed into this little wooden whatever the heck that is, busted out my side of my back light there. now i'm stuck here. >> ifill: farther south parts of the gulf coast were on alert for tornadoes and powerful thunderstorms. but the weather wasn't a problem everywhere. downunderwhere it's summer, christmas meant
. >> rose: damage from sandy is staggering. millions in the northeast struggle in the wake of hurricane sandy. >> the ravages of hurricane sandy remain a real and immediate problem in brooklyn. >> we support each other. we do what we can financially for each other but right now being scattered, it's hard. >> but on the whole, residents have risen to the challenge and restaurants havelayed an important role. >> we started cooking chicken for the people in the projects that were still home bound. >> almost -- someone just almost got run over. >> oh, here you, go perfect. hipsters and their hipster baby. >> he's a licensed new york city taxi driver. he gives food tours and he was our guide for the day. >> let's go. so our first stop is a little lunch counter. we're going to go -- it's certainly only jewish deli in the whole city that's closed for ramadan. so here we have to get brisket. so we get brisket on rye with gravy and a pastrami sandwich on rye with mustard. hey, how's it going? can we get a pastrami on rye with mustard, medium, please. >> wow, look at this. thank you. you can see
that had been badly damaged by hurricane sandy. >>> and eaier theeek, outside the white house, crowds gathered for the lighting of the national menorah. hanukkah began last saturday evening. >>> finally, with only a few shopping days left until christmas, stores and online venders are doing a brisk business. but does all the shopping frenzy overwhelm the spiritual side of christmas? kim lawton has our story about how more and more local churches are urging their members to avoid self-indulgence and consumerism in order to reclaim the true meaning of christmas gifts and giving. >> in lake junaluska, north carolina, bob and diane gayer and their sons jarek and clay are doing a little christmas shopping. not at the mall at their church! long's chapel united methodist church sponsored an alternative christmas market, where various booths offered gift ideas that supported local and international charities. diane says projects like this help her family set a different tone for christmas. >> it's a very tricky time for the family. >> expensive. >> it is expensive, and we live in a real me
and recently sandy. each storm brought a grim reminder of yet one more ever-present disaster: the deadly cholera epidemic that started ten months after the quake. at the cholera ward of saint luke's hospital just outside the capital port-au-prin, this doctor says since hurricane sandy admissions have doubled from 20 to 40 patients each day. >> most of the new cases are coming from further up the hill in places where we had not seen them before. i'm not positive but perhaps the wells there have been contaminated. >> reporter: experts believe cholera was brought here by u.n. peacekeepers. untreated sewage from this base flowed into a tributary of the river, the major source of water foroth washing and drinking. cholera is spread by fecal-oral contact. two years on 200,000 patients have been sickened, 750 d 7,500 have died from diarrhea and fluid loss. each flood brings more contaminated water, more cases. the epidemic prompted massive relief efforts and public campaigns. on the streets and in classrooms promoting hygiene and sanitation. fatalities have dropped from 10% of cases early on to
be an excuse for doing nothing. >> ifill: instead, in the wake of the massacre at sandy hook elementary school, mr. obama said, "this time, the words need to lead to action" on gun violence. >> the vast majority of responsible law abiding gun owners would be some of the first to say that we should be able to keep an irresponsible law breaking few from buying a weapon of war. i'm willing to bet that they don't think that using a gun and using common sense are incompatible ideas. there is a big chunk of space between what the 2nd amendment means and having no rules at all. >> reporter: to that end, the president announced vice president biden and an administration team will craft recommendations on everything from gun laws to mental health, to be sent to congress by january. >> this is not some washington commission. this is not something where folks will be studying the issue for six months and publishing a report that gets read and then pushed aside. this is a team that has a very specific task-- the pull together real reforms right now. >> ifill: the president bristled at a suggestion that h
one week ago at sandy hook elementary school. mourners also gathered again at funerals and at makeshift memorials. >> i feel as though the first few days after this happened was really a feeling of numbness and shock. but now that's lifting a little bit and the reality is setting in, and it's very, very painful. >> suarez: at the white house, president obama observed a moment of silence with his staff, and church bells tolled across the country. the national cathedral in washington chimed 28 times for the school victims, and for the shooter, adam laa, andis mother, ncy nza. religious leaders at the observance called for congress to act on gun violence in the wake of the tragedy. >> if the killing of these 20 children will not move us to enact meaningful legislation that values god-given human life over an amendment crafted for a time and a nation that bears no resemblance to our own, then there is little hope for us. >> suarez: in a new video, the president said nely 2,000 people have signed a petition on the white house web site calling for new gun laws. underscoring t
of haverford trust joins us. >> tom: super storm sandy keeps showing up in some economic data. this time: consumer spending. spending fell 0.2% in october. it was expected to be up that much. stocks were mixed with continued nervousness about the fiscal cliff. the dow gained just three points, the nasdaq lost nearly two. the s&p 500 was virtually unchanged. on the week, the dow up just barely. the nasdaq the biggest gainer: up almost 1.5%, the s&p up half a percentage point. >> susie: investors took a bite out of yum brands today. the stock tumbled 10% after the parent of k.f.c. and pizza hut said its business in china is slowing. yum's c.e.o. warned that china sales will fall by 4% in the fourth quarter, that's a big drop from the same period a year ago when sales surged 21%. blaming the weak chinese economy, yum also said it plans to reduce the number of restaurant openings in the asian nation. yum operates roughly 5,000 restaurants in china, accounting for half of its total sales. >> susie: joining us now with more on the chinese consumer and the economy, nicholas consonery, asia anal
's largest oil producer by 2020. here's one good thing to come from the destruction of hurricane sandy-- verizon customers will be getting faster, and more, telecom services. the company said today it is replacing damaged copper wires with fiber optic cable. that upgrade from older, slower copper allows verizon to offer more digital services, including bundling phone, internet and cable tv. and it means an increase in revenues for verizon. tom, that was the message from verizon's c.e.o., speaking at an investor conference today. but it didn't do much for the stock. verizon shares fell, like many of its fellow dow components trading here on the big board. >> tom: let's get going with tonight's "mark focus." with no big economic data for cues, stocks finished a lackluster day in negative territory. the s&p 500 struggled to find a clear direction and spent most of the session in the red. it ended with a small loss of two tenths of 1%. trading volume continued to be moderate-- 674 million shares on the big board; under 1.8 billion shares traded on the nasdaq. we saw small sector moves, as
about when it comes to a picturesque holiday season. but clear skies, sandy beaches, and highs in the 70's? not so much. and when you think about holiday decorating, florida probably isn't the first place that comes to mind either, but the holiday decor business is doing quite well in the sunshine state. >> the clients we're calling on are the rich and famous. they're professional athletes, they're industry leaders, and we're in the business of complete sales, service and installation for these types of people. >> reporter: david shindler has been in the christmas business for more than 20 years. he's a franchisee at holiday decorating firm christmas decor. >> we'll custom decorate well over a couple hundred homes this year, and part of that is complete custom interiors and custom exteriors. >> reporter: if you want your house to look like this, you'll have to have a lot of this. prices start around $1,500, average $3,000, and can run as much as $20,000 for some of their bigger commercial clients. shindler describes this waterfront fort lauderdale home as one of the more modest residence
season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the weakness this holiday season, how much of the blame do you put on retailers for not having inspiring merchandise and how much of it are just factors beyond their control like the economy and the fiscal cliff? >> i think overall it was more probably 70 to 80% factors beyond the retailer's control. i think retailers had creative merchandise but i think the news didn't lead to a feel good factor. >> in any economy, good or bad, you always have some winners. who did really well this year? >> well, it looks like in terms of who did well so far, companies like american eagle outfitters limited, michael cors, macy's' tj and i would say costco was also a winner. >> on the flip side were there retailers that you had high hopes for going into the season but just didn't deliver in the end. >> certainly we will see some becoming more promotion al, some of the children's retailers, whether it was impacted by weather or there was competitive
by the architect of this model, sandy wiel, saying we should break up the big banks. gwen, i think it tells us more about the end of the era of kind of this force conglomeration of bank where's bigger is naturally better. you have seen, obviously, too big to fail banks become too bigger to fail, such as j.p.morgan, or wells fargo which bought wachovia. but there are others who find they can't hit their stride with the asset they say accummed a decade ago. >> ifill: what we're watching happening at citigroup. does that make them an outlier or a sign of things to come? >> i think it's a little bit of both. citigroup, let's not forget, had to go in for two rounds of bailout money. there was even scuttlebut that the white house suggested this was a bank that should fail, that it was beyond rescue. it still has $1 fent billion of bad seeftz its sheets it's looking to get rid of. there are no easy answers for it. there is no overnight turnaround. and at the same time, it's a public company and shareholders are saying, "show me the progress." >> ifill: roben farzhad of "bloomberg business week," thank you
by hurricane sandy. the program for the "12-12-12" concert includes paul mccartney, bruce springsteen, the rolling stones, kanye west and alicia keys, among many others. the concert and telethon could reach two billiopeople on raio and.v., in movie theaters and on facebook and even digital billboards. those are some of the day's major stories. now, back to judy. >> woodruff: negotiators signaled publicly today that there had been little progress in reaching a deal to avert the fiscal cliff with 19 days to go until a year-end deadline. >> i remain the most optimistic person in this town. but we've got some serious differences. >> woodruff: that downbeat assessment from house speaker john boehner came after he and president obama tded fresh offers this week. >> we spoke honestly and openly about the differences we face. but, the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> woodruff: the president originally sought $1.6 trillion in revenue over 10 years, before lowering his target to $1.4 trillion. the money would come from raising
as adam lanza opened fire in sandy hook elementary school in newtown. president obama speaking from the white house earlier this afternoon spoke for the nation in great sorrow. >> we've endured too many of these tragedies in the past few yearsment and each time i learn the news ieact not as present but as anybody else would, as a parent. and that was especially true today. i know there's not a parent in america who doesn't feel the same overwhelming grief that i do. the majority of those who died today were children. beautiful little kids between the ages of five an ten years old. they had their entire lives ahead of them. birthdays, graduations, weddings, kids of their own. among the fallen were also teachers, men and women without devoted their lives to helping our children fulfill their dreams. so our hearts are broken today. for the prentnd grandparents, sisters and brothers of these little children, and for the families of the adults who were lost. our hearts are broken for the parents of the survivors as well. for as blessed as they are to have their children home tonight, the
of newtown, connecticut endured a fourth day of funerals for the mass shooting victims at sandy hook elementary school. police escorted processions of mourners as five more children and a teacher were laid to rest. services are also scheduled tomorrow and into the weekend. meanwhile in washington, vice president joe biden met with cabinet and law enforcement officials to discuss ways of reducing gun violence. later, attorney general eric holder headed to newtown to meet with those investigating the shootings. the first major winter storm of the season moved across the midwest today and began taking a toll on holiday travelers. blizzard warnings stretched from kansas to wisconsin as the weather system pushed eastward. it has already dumped a foot of snow in some areas, driven by powerful winds. in turn, some of the nation's busiest airports are reporting hundreds of flight delays and cancellations. the countdown to the end of the world was on today, at least in some places. it's based on a reading of the mayan calendar that says a final cataclysm will strike, tomorrow. we have a repor
Search Results 0 to 36 of about 37 (some duplicates have been removed)

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